Skip to main content
MainBoardListed
Chalet Hotels Limited Logo

Chalet Hotels Limited IPO

Chalet Hotels Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 294.00 (+5.00%)

The Initial Public Offering of Chalet Hotels Limited's culminated in its successful listing on 07-02-2019 at the NSE, BSE trading platform. The company secured 5,86,13,571 Shares through this capital market exercise, with 3,39,28,571 Shares allocated to new capital formation and ₹691.00 Cr to existing shareholder liquidity.

Investors participated within the price parameters of ₹275 to ₹280, with minimum investment requirements of 53 shares. The subscription period from 29-01-2019 to 31-01-2019 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on 05-02-2019. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

Chalet Hotels IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Chalet Hotels IPO Key Performance Indicator
Company Financials ( in Lakhs )

Chalet Hotels IPO About Company

Incorporated in 1986, Mumbai-based Chalet Hotels Limited is engaged in owning, developing, and managing high-end hotels in major metro cities across India and is part of the K. Raheja Corp group. Its hotels operate under global brands such as JW Marriott, Westin, Marriott, and Marriott Executive Apartments, with five properties in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru. The company reported total revenue of ₹9,295.14 million in 2018, growing at a CAGR of 14.83% between 2014 and 2018. Chalet Hotels follows an active asset management model, maintains high occupancies (~75%), and achieves strong EBITDA margins (41% in FY18 vs 34% industry average). The company benefits from strategic international tie-ups, cost-efficient construction and renovation, and high returns on capital, with investor IRRs ranging from 7.9% to 14.46% across key partnerships. EBITDA projections indicate growth from ₹500 Cr in FY20 to ₹700 Cr in FY22.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Chalet Hotels IPO Strength Factors

  1. Luxury Properties: Owns upscale real estate in major metro cities.
  2. Part of K. Raheja Corp Group: Benefits from a strong and reputable parent company.
  3. Active Asset Management: Focuses on efficient and value-driven property management.

Chalet Hotels IPO Risk Factors

NA


Chalet Hotels IPO Lead Manager(s)

  • Axis Capital Limited
  • Morgan Stanley India Company Private Limited

Chalet Hotels IPO Promoter(s)

  1. Mr. Ravi C. Raheja
  2. Mr. Neel C. Raheja
  3. K Raheja Corp Private Limited
  4. K Raheja Private Limited
  5. Ivory Properties and Hotels Private Limited
  6. Genext Hardware & Parks Private Limited
  7. Touchstone Properties and Hotels Private Limited
  8. Cape Trading LLP
  9. Capstan Trading LLP
  10. Casa Maria Properties LLP
  11. Anbee Constructions LLP
  12. Palm Shelter Estate Development LLP
  13. Raghukool Estate Development LLP
  14. Ivory Property Trust

Chalet Hotels IPO Company Details

Chalet Hotels Limited
Phone:
address:

Chalet Hotels IPO Registrar

Kfin Technologies Limited
Name:
Phone:

Chalet Hotels IPO FAQs